Gov. Tomblin Approves TIF for Proposed Stadium

By Amy Shuler Goodwin

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September 11, 2012 08:05 PM

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CHARLESTON, W.Va. – Morgantown''s proposed new baseball stadium has rounded third and is now heading home.

Gov. Earl Ray Tomblin today announced the West Virginia Development Office has approved a new property tax increment financing ("Property Tax TIF") district and project that will authorize funding for the development of water, sewer, and other infrastructure that will support the expansion of developments near the University Towne Center located near Westover and Star City.

The Monongalia County Commission had previously applied for the Property Tax TIF.

"Recently, I had the opportunity to walk the property where this development is expected to take root," Gov. Tomblin said. "This project holds great promise for better traffic flow, state-of-the-art facilities for WVU and the community, as well as retail job growth in the region. This is just the first step but it is an important step."

“We are very pleased with the announcement today by Gov. Tomblin,” said West Virginia University Director of Athletics Oliver Luck. “The proposed baseball park will be a great benefit to the North Central West Virginia community with minor league, WVU, Fairmont State, as well as American Legion Post 2 baseball.”

The project, developed by Mon-View LLC, is anticipated to facilitate economic development in excess of $100 million in retail, commercial and other development.

“We appreciate very much the governor’s leadership on this issue, as well as the leadership of Sens. (Bob) Beach, (Roman) Prezioso and (Jeff) Kessler,” Luck concluded.